Form 8-K
8-K — Ready Capital Corp
Accession: 0001628280-26-063725
Filed: 2026-09-28
Period: 2026-09-28
CIK: 0001527590
SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)
Item: Other Events
Documents
8-K — rc-20260928.htm (Primary)
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8-K
8-K (Primary)
Filename: rc-20260928.htm · Sequence: 1
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 28, 2026
READY CAPITAL CORPORATION
(Exact name of registrant as specified in its charter)
Maryland 001-35808 90-0729143
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1251 Avenue of the Americas, 50th Floor
New York, NY 10020
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (212) 257-4600
n/a
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $0.0001 par value per share RC New York Stock Exchange
Preferred Stock, 6.25% Series C Cumulative Convertible, par value $0.0001 per share RC PRC New York Stock Exchange
Preferred Stock, 6.50% Series E Cumulative Redeemable, par value $0.0001 per share RC PRE New York Stock Exchange
9.00% Senior Notes due 2029
RCD
New York Stock Exchange
Item 8.01 Other Events.
As previously disclosed in its Current Report on Form 8-K filed on September 18, 2026, Ready Capital Corporation (the “Company”), through its subsidiary ReadyCap Holdings II, LLC (the “Issuer”), priced a private placement of $225.0 million in aggregate principal amount of the Issuer's 10.00% Senior Secured Notes due 2031 (the “New Notes”). On September 28, 2026, the Issuer closed the offering of the New Notes on the terms previously disclosed.
On September 28, 2026, ReadyCap Holdings, LLC, an indirect subsidiary of the Company, completed the previously announced redemption of the entire $350.0 million outstanding aggregate principal amount of its 4.50% Senior Secured Notes due 2026 (the “Existing Notes”) at a redemption price equal to 100% of the principal amount of the Existing Notes redeemed plus accrued and unpaid interest.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
READY CAPITAL CORPORATION
By: /s/ Andrew Ahlborn
Name: Andrew Ahlborn
Title: Chief Financial Officer
Date: September 28, 2026
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Sep. 28, 2026
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Registrant Name
READY CAPITAL CORPORATION
Entity Incorporation, State or Country Code
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Entity File Number
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Entity Tax Identification Number
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Entity Address, Address Line One
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Entity Address, Address Line Two
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Security Exchange Name
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Series E Preferred Stock
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Security Exchange Name
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9.00% Senior Notes Due 2026
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